Payment gateways apps allow you to accept payments from customers by card, cash, or bank transfer. The app will enable you to track transactions and manage your customers. You can also set up recurring payments and offers. A payment gateway is a service that provides a secure way for websites to accept online payments, such as credit cards and debit cards, from their customers. A payment gateway is usually one of the essential parts of an e-commerce website. It allows you to take payments from your site’s visitors safely and efficiently. Here is the best payment gateway list in India.
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Razorpay
Razorpay is a payments platform that is built on the latest technology. They provide a secure, seamless and instant payment experience to their customers. They have been successful in the payments industry, and they have been able to create a unique value proposition by catering to their customers’ needs. Key features of this application are instant activation, easy integration, API driven, 100+ payment modes, straightforward pricing, best in industry support, dashboard reporting, and security.
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Instamojo
Instamojo is an Indian e-commerce company founded by Mohit Kumar and Deepak Jain in 2012. The company provides payment solutions to merchants and consumers, with its flagship product being the Instamojo Wallet. The company has raised funding from investors like IDG Ventures, Sequoia Capital, Tiger Global Management, and Accel Partners. Instamojo has over 3 million users on their platform that can use the wallet for cashless transactions on their website or app. The company has raised $88 million in funding so far with a valuation of $450 million. It consumes 2% and Rs 3 per transaction on debit cards and domestic credit, UPI, wallet, and net banking. In addition, it also takes 3%, along with Rs 3 per international transaction.
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Paypal
PayPal is a global leader in the world of e-commerce. It has been around since 1998 and is one of the most well-known and trusted brands in the industry. PayPal was founded by two individuals with a vision – Peter Thiel and Max Levchin. They had an idea for an Internet commerce platform that would allow people to send money over email or text message. It takes a domestic transaction fee of 2% plus GST and 3% plus GST as the international translation fee.
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Paytm
Paytm is an Indian e-commerce company founded by Vijay Shekhar Sharma in 2010. It has crossed $3 billion in revenue and has over 200 million customers. The company’s mobile app allows users to shop, transfer money, book train tickets, order food, and pay for other services. Paytm offers its services in 11 Indian languages and is the largest mobile commerce platform with over 240 million mobile app downloads on Android.
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Cashfree
Cashfree is a mobile app that allows users to make transactions without cash or a card. It was first conceptualized in 2013 by the company’s founders, Rahul Kotadiya and Deepak Jain. The idea behind it was to provide a digital payment solution for those who cannot afford traditional banking services. It is a leading online payment service utilized across diverse brands and businesses like Cred, Zomato, Puma, Keto, and oriental insurance.
All these payment gateways are extensively used by a lot of people out there. You can decide as to which one you should use as per your convenience.
Also Read: Paytm vs Google Pay vs Phone Pe
